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Construction Additives Industry 2023 Current Status And Top Manufacturers 2030
Maggio 4, 2023 6:23 - no comments yetMarket Overview:
Global construction additives market has witnessed gradual growth in recent years but is expected to witness steady growth in the forecast period. The global construction additives market is primarily driven due to rapid growth of the construction industry with high demand for high strength concrete. Construction additives chemicals, minerals and fibers are blended into cement to alter its performance. Additives provide specific benefits for different jobs. Liquid additives used during cement grinding, improve the strength of the cement. Concrete bonding additive bonds old concrete to new for interior and exterior jobs such as wall capping and resurfacing.
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The construction industry is evolving continuously as huge differences are witnessed between the structures built today and the ones built over a decade ago. Changing lifestyles, rapid urbanization, and the demand for enhanced aesthetics for residential, commercial, and infrastructure, have forced architects and engineers to innovate the design of concrete structures suited for various applications. On the flipside, tight project completion deadlines and the increasing variable costs of construction present a challenge for efficient execution of the construction projects. Construction additives offer the benefits of high quality, increased efficiency, and better finishing. Lack of awareness regarding construction additive techniques and their benefits, along with unstable costs of raw materials, might restrain the demand for this type of construction technique.
The construction industry has witnessed a significant change with the introduction of construction additives as they provide flexibility to designers to modify and enhance both, physical and chemical properties of concrete. This includes compressive strength, durability, surface finish, and resistance to withstand adverse climatic and working conditions as per design specifications/requirements without compromising the quality of the concrete structure. However, the rising emissions of toxic chemicals is expected to hamper the construction additives market growth in the future. The global construction additives market is expected to grow at a 7% CAGR during the forecast period.
Rapid growth in the construction sector is one of the major factors driving the Construction Additives Industry. High demand for residential and non-residential buildings has a significant impact on the demand for construction additives, as they are used in the flooring and walls of the buildings. Consumer preferences for improved and high-quality cement are expected to boost the overall product consumption rate in future as cement additives are helpful in increasing product strength, and are capable of providing waterproofing feature, enhanced chemical resistance, color, and high water reduction.
Asia Pacific Construction Additives market is expected to grow at the highest CAGR
Currently, the Asia Pacific region is the largest consumer of construction additive products. China, U.S., and Germany are among the major markets of construction additives, globally. The Asia Pacific construction additives market is projected to register the highest CAGR during the forecast period. The rising number of infrastructural activities and the population in China, Japan, and Australia, drive the growth of the Asia Pacific construction additives market. Additionally, other emerging economies such as South Africa and countries in the Middle East and South America are experiencing high demand for residential and commercial constructions. The rapid urbanization in these countries demand faster and cheaper construction of buildings and facilities without compromising on quality. The rise in the number of government investments in infrastructural constructions, further boosts the growth potential of the construction additives market in these regions.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
Continue...
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Key Players
The Key Players of global construction additives companies are BASF SE (Germany), Sika Group (Switzerland), The Dow Chemical Co. (U.S.), W. R. Grace and Company (U.S.), RPM International Inc (U.S.), CHRYSO Group (France) Evonik Industries AG (Germany), Mapei S.p.A (Italy), Fosroc (U.K.) and Cico Group (India)
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global Construction Additives Market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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About Us:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Medical Plastics Market Research Report And Predictive Business Strategy By 2030 | MRFR
Maggio 4, 2023 6:12 - no comments yetOverview:
The global market report with details of the medical plastic market predicts a rise of 5.9% CAGR during the forecast period of 2023 to 2030. Market Research Future (MRFR) included studies on several factors, including the durability, cost-efficiency, and other aspects as plastic as major driving forces for the market. The global market would gain much from the rising investment in the healthcare sector, which is creating scope to arm healthcare professionals with better accessories. The inclusion of disposable materials is also getting bolstered by the rising demand for better protection against viral diseases.
Segmentation:
The global report on the Medical Plastics Market has been studied on the basis of a segmentation that includes type and application. Both these segments have data that have been collected by experts using scientific methods and other procedures.
By type, the report on the global plastics market has been segmented as polypropylene (PP), polyvinyl chloride (PVC), polyethylene (PE), engineering plastics, silicones, polystyrene (PS), and others. The PP segment held the largest market share and has the opportunity to record the fastest CAGR during the forecast period. The segment is getting followed by PVC, which find substantial use in the construction sector.
By application, the global report regarding the medical plastics market has been segmented into surgical instruments, drug delivery devices, disposables, catheters, diagnostic instruments, and others. The disposable segment has the maximum market coverage as the product has significant inclusion in medical devices such as cleaning gloves, and disposable enemas bags. The recent COVID-19 crisis is also backing the market as it has triggered a huge surge in the production of hazmat suits, plastic shields, gloves, and other protective gear.
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Regional Analysis:
Asia Pacific has the chance to register itself as both the largest and the fastest-growing market. The region is getting backed by the high inclusion of such products in developing healthcare sectors of India, China, South Korea, and others. North America has a huge market for these products as the superlative healthcare systems of the region are impacting the market in credible ways.
Competitive Landscape:
DuPont de Nemours, Inc. (US), Exxon Mobil Corporation (US), BASF SE (Germany), Covestro AG (Germany), Solvay (Belgium), Evonik Industries AG (Germany), Celanese Corporation (US), Tekni-Plex (US), Eastman Chemical Company (US), The Lubrizol Corporation (US), Röchling Group (Germany), Ensinger (Germany), Saint-Gobain Performance Plastics (France), Trinseo (US), and Fortune Medical Plastic Products Company (China) are some prominent names in the market that are impacting the market growth.
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Industry News:
In July 2020, Sumitomo Demag announced that they had opened a service and support office in Ireland’s Limerick. This endeavor has been made to explore the polymeric opportunities in Ireland. The company has a base in Ireland as a prominent manufacturing company. This effort is also to take advantage of the operational facilities of Ireland where various US companies have already invested substantially. This will help in connecting with various pharma, technology, and electronic firms. The company is already known as an injection molding company and it is a part of their post-Brexit insulation strategy.
In July 2020, Axial3D, a medical 3D printing firm, announced that they have teamed up with Corazon, a company known for its program development for the spine, neuroscience, heart and vascular, and orthopedic service lines. The intent is to fuse state-of-the-art technologies with expertise of Corazon. This partnership would definitely boost the global Medical Plastics Market.
The recent demand for medical equipment to support the COVID-19 crisis is expected to boost the global medical plastic market.
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Architectural Coatings Market Competitive Analysis And Forecast 2023-2030
Maggio 4, 2023 6:05 - no comments yetArchitectural coatings are applied on buildings and houses to protect them against adhesion, wettability, corrosion and extreme weather conditions. They aid in raising the aesthetic quotient in buildings while reducing maintenance cost considerably. The global Architectural Coatings Market is expected to exhibit rapid growth and scale a significant valuation over the forecast period of 2023-2030, asserts Market Research Future (MRFR) in a detailed study.
The burgeoning construction industry along with growing demand for protective and waterproofing materials in areas having extreme weather conditions are driving the growth of the global architectural coatings market.
Regulations pertaining to VOC (Volatile Organic Compound) emissions in numerous countries is likely to push the demand for water borne architecture coatings over the forecast period which is a key factor enhancing the growth of the market.
The governments in various countries have endeavored towards the extension of urban territories to cater to the lodging needs of the booming population. Besides, rising affluence of consumers has led to an increase in renovation and refurbishment activities which is supporting the growth of the market.
Other notable factors fostering market growth include surging interest in interior decoration, increasing per capita income in emerging economies and fast-track urbanization.
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Segmentation
The global Architectural Coatings Market has been segmented based on type, application, and technology.
By type, the global architectural coatings market has been segmented into acrylic, epoxy, polyurethane, polyester, and others. The acrylic coatings segment is expected to witness rapid growth over the forecast period. Owing to superior properties such as adhesion to non-porous surfaces, durability, good storage, and improved solubility, acrylic coatings find major application in building and construction, automotive, marine, aerospace, and other end-user industries. The epoxy coatings segment is expected to witness tremendous growth over the forecast period. Epoxy coatings have lower VOC content and low volatility which makes them highly desirable in the backdrop of growing concern regarding the use of environmentally friendly compounds.
By application, the global architectural coatings market has been segmented into residential, non-residential, and others.
By technology, the global architectural coatings market has been segmented into water borne and solvent borne technology.
Regional Analysis
By region, the global Architectural Coatings Market has been segmented into North America, Latin America, Europe, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
APAC is currently dominating the global architectural coatings market on account of considerable rise in a number of reclamation and developmental activities in the region. The high influx of investment and growing interest in beautification in both residential and non-residential sector is driving the market growth majorly.
North America market is driven by constructional activities picking up the pace in the region. Government investment in building and construction and presence of high-income group consumers in the region. Regulations laid down by the US E.P.A. on manufacturing of coatings to curb air pollution is expected to result in increased demand for epoxy coatings in the region.
Europe market is expected to witness a decline in the sales of architectural coatings. Elevating price of raw materials paired with a thriving market for alternative coatings in the region can undermine the market growth. However, the outlook can be positive due to government investments at regional levels.
Unstable economic conditions in Latin America have affected the growth of the paints and coatings market adversely.
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Competitive Landscape
Nippon Paint Co Ltd (Japan), AkzoNobel N.V. (the Netherlands), PPG Industries Inc. (the U.S.), Asian Paints Ltd (India), The Valspar Corporation (the U.S.), BASF Coatings GmbH (Germany), RPM International Inc. (the U.S.), The Sherwin-William Company (the U.S.), Kansai Paint Co., Ltd (Japan), and Kelly-Moore Paint Company, Inc. (the U.S.) are notable players in the global architectural coatings market.
Fire Protection Coatings Market 2023-2030 With Top Countries Data , Key Factors, Demand
Maggio 4, 2023 6:00 - no comments yetFire protection coatings are additives or fillers added on objects to increase its flame resistance property. These coatings are a must in industries and its design as a preventive measure against untoward accidents and explosions. The global fire protection coatings market report by Market Research Future (MRFR) highlights trends, drivers, opportunities, and challenges for the period of 2023 to 2030 (forecast period).
Market Scope
The global Fire Protection Coatings Market is set to expand at an above-average growth rate during the forecast period owing to demand from end-use industries of automotive, aerospace, marine, building & construction, oil & gas, electrical & electronics, and others. Maintenance of the steel integrity of structures and components in automotives can bode well for the market. Government regulations and stringent emission levels set by them can drive its demand in the automotive sector as well. Advances in nanotechnology can influence the market growth greatly.
Segmentation
The global fire protection coatings market is segmented by type and application.
By type, the market is divided into active and passive fire protection coatings. Among these, the passive fire protection coatings segment is projected to hold the major share in the market owing to its properties of excellent fire performance, durability, and light-weightiness. Passive fire coatings can face immense demand due to its sustainable nature and requirement of minimum maintenance. These coatings involve methods of compartments, structures, concrete, and others. Active fire protection coatings are applied on systems such as sprinklers, water deluges, and alarms. This segment is touted to display an exemplary growth rate during the forecast period.
Applications include oil & gas, buildings and construction, automotive, aerospace, marine, aviation, and others. Among these, buildings and construction is estimated to be the leading segment in this market. This can be attributed to the demand for anti-corrosive measures and flame-retardancy measures. Rise in infrastructural projects and considerable rise in disposable income levels can drive the segment growth exponentially.
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Regional Analysis
Geographically, the global fire protection coatings market covers North America, Asia Pacific (APAC), Europe, Latin America and the Middle East & Africa (MEA).
APAC is pegged to dominate the global market owing to demand from end-use industries of construction, automotive, defense, and others. The increasing production of coatings and demand in countries of Japan, China, and India can drive regional market growth of fire protection coatings.
Europe can exhibit a steady growth rate during the assessment period owing to stringent rules and regulations pertaining to fire safety in the construction sector. Italy, Germany, and the U.K. are countries bound to contribute to the global Fire Protection Coatings Market. The oil & gas and petrochemical industries remain the biggest end-users of the product.
North America can capture a significant share of the global fire protection coatings market owing to the need for protection of steel structures against corrosion. Aviation, marine, automotive, aerospace, and oil & gas are major end-use industries of coatings. This is evident by the need for passive fire protection coatings in the U.S., Canada, and Mexico.
The Latin America region is bound to experience massive growth due to demand in the paints & coatings sector. Lastly, the MEA region can witness a slow growth due to low crude oil prices and the slow progress in the construction industry.
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Competition Outlook
Akzo Nobel N.V., PPG Industries, Axalta Coating Systems, LLC, The Sherwin-Williams Company, The Valspar Corporation, BASE Coatings, RPM International Inc., KANSAI PAINT CO., LTD, and Nippon Paint Holdings Co. are major players of the global fire protection coatings market.
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Malic Acid Market 2023 - Global Trends and Future Scope Forecast to 2030
Maggio 4, 2023 5:47 - no comments yetMalic acid, a white crystalline powder, is used as a food additive to enhance flavor and sourness in many food and beverage products. Due to its solubility in water and alcohol, malic acid is used in the preparation of various luxurious drinks, including wine and other cocktails & mocktails. The malic acid market is growing steadily over the past few years, mainly due to its massive consumption in the food & beverages industry.
According to Market Research Future (MRFR), the global Malic Acid Market is poised to touch a valuation of USD 1283 MN by 2030. In its recently published analysis, MRFR also asserts that the market would grow at a CAGR of over 4.67% throughout the forecast period (2023-2030). The market is largely driven by the demand in a range of application areas, which would continue in the coming years as well.
Feedstock flexibility of malic acid allows high conversion yields, productivity, and concentrated process streams resulting in cost-competitive economics. Food & beverage, personal care, and pharmaceutical are the largest end-user markets of malic acid that consume an extensive amount of the product. Besides, the bakery product and confectionary sector absorb a vast amount of malic acid.
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Major Players:
- Tate & Lyle
- Corbion NV
- Polynt S.p.A
- Fuso Chemical Co., Ltd. (“Fuso”)
- Thirumalai Chemicals Ltd. (TCL)
- Changmao Biochemical Engineering Company Limited
- Bartek Ingredients Inc.
- Isegen South Africa (Pty) Ltd
- Anhui Sealong Biotechnology Co. Ltd.
- Yongsan Chemicals, Inc among others
Global Malic Acid Market - Segmentation
The report is segmented into three market dynamics to widen the scope of understanding,
By Type : DL-Malic Acid, L-Malic Acid, and D (+)-Malic Acid.
By End-use Industry : Food & Beverage, Personal Care, and Pharmaceutical, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
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Global Malic Acid Market - Competitive Analysis
Highly competitive the global Malic Acid market appears fragmented due to the presence of several well-established as well as small players. To gain an edge over their rivals, these players incorporate strategic approaches such as mergers & acquisitions, collaboration, expansion, and product & technology launch, and partnership.
These players also make substantial investments locally and in the emerging countries to expand their production capacity, distribution network, and supply chain. In such a scenario, obtaining strong financial support becomes the sole strategy of suppliers to sustain in the market. Manufacturers strive to minimize the cost of their products by adopting cost-effective manufacturing techniques.
Global Malic Acid Market - Regional Analysis
The Asia Pacific region leads the global Malic Acid Market Supply and Demand Trends, accounting for the largest share. Heading with the burgeoning end-use industries, the region is estimated to retain its dominance throughout the forecast period. The APAC malic acid market would register over 5.82% CAGR during the forecast period, driven by the presence of a large number of producers, cost-competitive product development, and the colossal consumption of the product in the F&B industry.
Furthermore, factors such as rapidly increasing population, urbanization, industrialization, and economic growth are commutatively pushing up the regional market, driving huge demand for food. Indonesia, China, Malaysia, and India are significant contributors to the market growth due to raw material advantages. The widening uptake of malic acid in cosmetic & personal care products industry is positively impacting the regional market growth.
The malic acid market in North America takes the second lead, following the APAC market closely. Growing consumption of the product in well-developed end-user industries such as food & beverages, pharmaceuticals, and cosmetic & personal care is a tailwind pushing up the regional market growth. The US leads the regional market owing to higher penetration of end-user industries in the country. Driven by the demand for convenience food that is influenced by the fast-paced lifestyle and working population, the malic acid market in North America is estimated to reach USD 53.7 MN mark by 2023.
The Europe malic acid market is emerging as a profitable market, globally. In 2020, the market had accounted for a 20% share of the global market. Germany dominates the regional market, in terms of size due to the ever-increasing consumption in the well-developed industries like personal care and pharmaceutical. Moreover, the presence of major manufacturers of Malic acid in the region, impacts the market growth, positively meeting the demand for food additives with a superior quality product.
Industry/ Innovation/ Related News:
February 12, 2019 ----- Bartek Ingredients Inc. (Canada), a leading global producer of malic acid, fumaric acid, and maleic anhydride announced the successful completion of a 4,000 ton/year capacity increase of its malic acid production facilities. The global leader in malic and fumaric acid products completes the first project in a series of process and production improvements.
Since its TorQuest Partners’ acquisition in October of 2018, Bartek has executed several significant capital projects to expand its capacity and improve efficiency. Additional projects scheduled to be completed in 2019 include state-of-the-art upgrades to Bartek’s laboratories and office facilities. These projects are Bartek’s response to the growing global demand for malic acid and others, supporting its customers’ growth and innovation needs.
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